Palomar Holdings, Inc. Announces Appointments to Executive Leadership Team
June 20 2024 - 4:15PM
Palomar Holdings, Inc. (NASDAQ: PLMR) (“Palomar” or the “Company”)
today announced that Tim Carter has been appointed Chief People
Officer, effective June 24, 2024, and Rodolphe “Rudy” Herve has
been appointed Chief Operating Officer, effective July 1, 2024.
Tim Carter brings more than 20 years of executive leadership
experience in human resources, operations, and sales functions. Mr.
Carter has significant expertise in human capital optimization,
talent acquisition and retention, learning and development, and
inclusion and culture. Mr. Carter joins Palomar from LPL
Financial, Inc. ("LPL") where he served for ten years as Senior
Vice President, Human Resources and led talent acquisition, total
rewards, and corporate real estate. Mr. Carter also launched LPL's
culture transformation program. Mr. Carter previously served in
leadership roles at G4S Integrated Services, Parexel, and Home
Depot. Prior to his corporate roles, Mr. Carter served as a Captain
in the United States Marine Corps. Mr. Carter earned a B.A. in
Political Science from San Diego State University.
Rudy Herve is an experienced insurance executive with over 20
years of expertise across technology, operations, strategic
transformations, and mergers and acquisitions. Mr. Herve joins
Palomar from SCOR, where he served as Global Head of P&C
Operations after previously holding the position of CEO of North
America and Chief Transformation & Operations Officer for their
Specialty Insurance division. Prior to SCOR, Mr. Herve held various
leadership roles at QBE North America, leading their expansion into
Specialty lines of business. Before joining the insurance industry,
Mr. Herve held roles at Bain & Company, Orange Ventures and
Morgan Stanley. Mr. Herve earned a Masters in Management from ESCP
Europe and a Masters of Business Administration from the University
of Pennsylvania’s Wharton School.
“We are thrilled to welcome Tim and Rudy to Palomar as we
expand our leadership team to effectively manage our profitable
growth and execute our Palomar 2X strategy,” commented Mac
Armstrong, Palomar’s Chairman and Chief Executive Officer. “Our
ability to attract such accomplished executives like Rudy and Tim
is a testament to not only our success to date but also and more
importantly the opportunity that lays ahead. We believe Tim
and Rudy’s extensive experience will be invaluable as we continue
to grow and will further enhance our ability to build Palomar into
a leading specialty insurer.”
About Palomar Holdings,
Inc.Palomar Holdings, Inc. is the holding company of
subsidiaries Palomar Specialty Insurance Company (“PSIC”), Palomar
Specialty Reinsurance Company Bermuda Ltd., Palomar Insurance
Agency, Inc., Palomar Excess and Surplus Insurance Company
(“PESIC”), and Palomar Underwriters Exchange Organization, Inc.
Palomar's consolidated results also include Laulima Reciprocal
Exchange, a variable interest entity for which the Company is the
primary beneficiary. Palomar is an innovative specialty insurer
serving residential and commercial clients in five product
categories: Earthquake, Inland Marine and Other Property, Casualty,
Fronting, and Crop. Palomar’s insurance subsidiaries, Palomar
Specialty Insurance Company, Palomar Specialty Reinsurance Company
Bermuda Ltd., and Palomar Excess and Surplus Insurance Company,
have a financial strength rating of “A-” (Excellent) from A.M.
Best.
To learn more, visit PLMR.com.
Follow Palomar on LinkedIn: @PLMRInsurance
ContactMedia InquiriesLindsay
Conner1-551-206-6217lconner@plmr.com
Investor RelationsJamie
Lillis1-203-428-3223investors@plmr.com
Source: Palomar Holdings, Inc.
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